Law Journal: Royal Standard Group’s PKPU, and Berkat Bumi Citra’s Bankruptcy

PT Jaya Smart Technology of Royal Standard group, and three other parties, including the founder of the Company, was sued on January 8, 2018. So the group entered their period of Suspension of Debts Payment (PKPU). The process of verification of bills recorded Rp1.25 trillion in debts. Separately, with regards to PT Berkat Bumi Citra, the team of curators found out that the Company had plenty of receivables to other parties that are its affiliates and family members of the Company’s owner.To subscribe please click here